Nasdaq Tumbles Over 300 Points; Chicago PMI Rises In March

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U.S. stocks traded lower this morning, with the Nasdaq Composite falling more than 300 points on Monday.

Following the market opening Monday, the Dow traded down 0.27% to 41,473.52 while the NASDAQ fell 1.87% to 16,998.79. The S&P 500 also fell, dropping, 0.91% to 5,530.01.

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Leading and Lagging Sectors

Energy shares jumped by 1.1% on Monday.

In trading on Monday, consumer discretionary shares fell by 2.1%.

Top Headline

The Chicago PMI climbed to 47.6 in March from 45.5 in the previous month and topping market estimates of 45.2.

Equities Trading UP
                       

  • iCoreConnect Inc. ICCT shares shot up 148% to $0.6972.
  • Shares of Corcept Therapeutics Incorporated CORTgot a boost, surging 83% to $100.17 after the company announced it met its primary endpoint for its Phase 3 ROSELLA trial of Relacorilant.
  • Newton Golf Company NWTG shares were also up, gaining 55% to $2.3401.

Equities Trading DOWN

  • Damon Inc. DMN shares dropped 52% to $0.0163.
  • Shares of Vaxcyte, Inc. PCVX were down 53% to $32.55 after the company provided updates on the pneumococcal conjugate vaccine.
  • NewGenIvf Group Limited NIVF was down, falling 37% to $0.5950 after the company announced it has terminated its proposed reverse merger with European Wellness.

Commodities

In commodity news, oil traded up 1.5% to $70.41 while gold traded up 1% at $3,146.50.

Silver traded down 0.7% to $34.58 on Monday, while copper fell 2% to $5.0275.

Euro zone

European shares were lower today. The eurozone's STOXX 600 declined 1.5%, Germany's DAX 40 fell 1.5% and France's CAC 40 declined 1.5%. Spain's IBEX 35 Index fell 1.5%, while London's FTSE 100 fell 1%.

Asia Pacific Markets

Asian markets closed lower on Monday, with Japan's Nikkei 225 falling 4.05%, China's Shanghai Composite Index declining 0.46% and Hong Kong's Hang Seng Index dipping 1.31%.

Economics

The Chicago PMI climbed to 47.6 in March from 45.5 in the previous month and topping market estimates of 45.2.

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CORT Logo
CORTCorcept Therapeutics Inc
$99.9583.0%

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